Natural Grocers by Vitamin Cottage Inc Stock Forecast

Stronger technical forecast for Natural Grocers by Vitamin Cottage Inc stock price after Thursday trading.
(Updated on May 02, 2024)

NGVC Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Natural Grocers by Vitamin Cottage Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Natural Grocers by Vitamin Cottage Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $16.88. On a fall, the stock will find some support from the short-term average at $16.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -7.63%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Natural Grocers by Vitamin Cottage Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $15.90 and $15.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Natural Grocers by Vitamin Cottage Inc finds support just below today's level at $15.90. If this is broken, then the next support from accumulated volume will be at $15.60 and $15.08.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.470 between high and low, or 2.85%. For the last week the stock has had daily average volatility of 2.43%.

Our recommended stop-loss: $16.05 (-4.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (NGVC) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Natural Grocers by Vitamin Cottage Inc to open at $16.77, and during the day (based on 14 day Average True Range), to move between $16.34 and $17.30, which gives a possible trading interval of +/-$0.483 (+/-2.87%) up or down from last closing price. If Natural Grocers by Vitamin Cottage Inc takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.15 (1.96%) than the support at $15.90 (5.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Natural Grocers by Vitamin Cottage Inc stock A Buy?

Natural Grocers by Vitamin Cottage Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.139 Hold/Accumulate Upgraded

Predicted Opening Price for Natural Grocers by Vitamin Cottage Inc of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.